As we enter into the homestretch of 2017, its time to update everyone on our spending percentages from the last three months. Despite our monthly updates on "buying nothing new," I am still posting our spending rate, because the spending rate articles focus on reaching a savings goal.
Talk about a busy month! Not only is school in full motion, but we were quite the travelers in the month of September. There were five weekends in the month of September and we spent a portion of 4 out of 5 of them in a different city/state.
Many years ago, I got myself into a large amount of consumer debt and had to climb myself out. I was sloppy with my money and lived outside of my means. I'd been down that road of overspending and I used my credit card to dig that hole. From using my college ID to charge snacks in college to maxing out my credit cards a few years later, I was not the right person at that time to have a credit card.
Since March, I have been taking time to focus on articles about student loan forgiveness. From an article about how I used Student Loan Forgiveness to pay off $22,500 of student loans to articles detailing the steps needed to successfully have your student loans forgiven. In all of these articles, I focused on the facts of the topic, but I never gave my opinion of utilizing student loan forgiveness. Student loan forgiveness is great in theory, but is it worth it?
A couple of years ago, I first discovered a REIT (Real Estate Investment Trust) as an investment. I discovered this type of investment by reading "Become a Lazy Landlord - with REITs." by Mr. Money Mustache. His article was very intriguing and got me excited about the option of investing in a REIT.
We are one month into our challenge. We got off to a great start, but stumbled towards the end of the month. With the threat of Hurricane Harvey, August may not have been the best month to begin a "Buy Nothing New" Challenge. Despite this threat towards the end of the month, we still did a pretty good job of keeping our purchases to used items very low.
Early last week, I stumbled onto a post from Adventure Rich about the FIRE Prowess Gauge and their results. Their article was the seventh in a chain of 19 articles (the last I checked) from financial bloggers. This gauge has swept across the blogging community and I immediately calculated our FIRE Prowess Gauge.
Greetings from a rain soaked Houston, Texas. As most of you may have heard, a hurricane rocked the cities of Rockport, Corpus Christi and Victoria in Texas. While the hurricane barelled down on those cities, the outer bands of the storm have wreaked havoc on the city of Houston and the surrounding areas.
Earlier this summer, I wrote an article about not letting the political party in power effect your savings. In this article, I detailed the importance of making sure that you save money no matter the person in the White House. The President does not control your savings rate, but you do! With this in mind, I still thought it would be good to post an article about the policies that Trump plans to implement and the effect on your income.